XPL

Alert

Funding spread now, next payment 15:00 UTC−0.0549%/8h

next payment, per $10,000−$0.69paid, last 24h−0.071%paid, last 3 days−0.119%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.119% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XPL-USD	0.1035	0.0100	pay 0.0013% / 1h	29m 07s	$311	$9K	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.1037	L −0.0035% / S +0.0449%	pay 0.0056% / 1h	29m 07s	$138K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee GMXbpOrdersRate

Funding earned: −$115.25
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$135.25
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.201%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

SoDEX and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.0872%	1h	$4.7M	$3.9M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0233%	1h	$48K	$10K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0035% / S +0.0449%	1h	$138K	—	100x
Backpack XPL_USDC_PERP	−0.0030%	1h	$189K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	$9K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$75K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0035%	4h	$29K	$331K	10x	as long as short
Paradex XPL-USD-PERP	+0.0093%	8h	$12K	$946	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	$315K	$404K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$234K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$48.7M	$88.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$51.0M	$45.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$10.2M	$52.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$144K	$35K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.2M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.9M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$9.3M	$10.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.9M	$1.5M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$31K	$84K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$144K	$3.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.8M	20x	as long as short
SoDEX XPL-USDlong	+0.0100%	1h	$311	$9K	10x
HTX XPL-USDT	+0.0100%	4h	$153K	$254K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$677K	$783K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$40K	$5K	3x	as long as short
Hyperliquid XPL	+0.0186%	1h	$69.2M	$34.8M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$2.0M	$1.1M	75x	as long as short
Phoenix XPL	+0.0391%	1h	$211K	$528K	10x	as long as short
Kraken Futures PF_XPLUSD	+0.0506%	1h	$143K	$412K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0880%	1h	$110K	$122K	50x	as long as short